<p><strong>芯成科技控股有限公司</strong> (HKG:365) 的股价在过去一个月回落了相当可观的 32%，扭转了其近期的良好表现。实际上，最近的下跌使其过去十二个月的年增幅降至相对温和的 9.8%。</p>
<p>尽管其股价大幅下跌，但考虑到近一半在香港机械行业运营的公司市销率（或称&#34;P/S&#34;）低于 0.8 倍，您可能仍然会考虑将芯成科技视为一个潜在的规避股票，因为其市销率为 1.4 倍。然而，市销率可能因某种原因而偏高，需要进一步调查以确定其合理性。</p>
<p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<p>请查看我们对芯成科技的最新分析</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/7655362-ps-multiple-vs-industry-1-dark-2/1762553830563?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/7655362-ps-multiple-vs-industry-1-dark-2/1762553830563"/></p>
<p>SEHK:365 市销率与行业比较 2025 年 11 月 7 日</p>
<h3>芯成科技的市销率对股东意味着什么？</h3>
<p>最近，芯成科技的收入稳步上升，这令人欣慰。也许市场预计这种良好的收入表现将在短期内超越行业，这使得市销率得以支撑。然而，如果情况并非如此，投资者可能会发现自己为该股票支付了过高的价格。</p>
<p>想要了解公司的盈利、收入和现金流的完整情况吗？那么我们对芯成科技的 <strong>免费</strong> 报告将帮助您揭示其历史表现。</p>
<h2>芯成科技的收入增长预测是否足够？</h2>
<p>为了证明其市销率的合理性，芯成科技需要实现超过行业的显著增长。</p>
<p>回顾过去一年，公司营收实现了 19% 的显著增长。然而，三年前的总收入几乎没有增长，这并不理想。因此，我们认为公司在这段时间内的收入增长结果是喜忧参半的。</p>
<p>这与行业其他公司形成对比，后者预计在未来一年内增长 17%，远高于公司的近期中期年化增长率。</p>
<p>考虑到这一点，我们发现芯成科技的市销率超过其行业同行令人担忧。似乎大多数投资者忽视了近期增长率相对有限的事实，并希望公司业务前景能够好转。只有最勇敢的人才会认为这些价格是可持续的，因为近期收入趋势的持续可能会对股价产生重大压力。</p>
<h2>关于芯成科技市销率的结论</h2>
<p>尽管股价暴跌，芯成科技的市销率仍然很高。我们认为市销率的作用主要不是作为估值工具，而是用来衡量当前投资者情绪和未来预期。</p>
<p>我们对芯成科技的审查显示，其三年收入趋势不佳并没有像我们想象的那样对市销率造成太大影响，因为它们看起来比当前行业预期更糟。现在我们对高市销率感到不安，因为这种收入表现不太可能长期支持如此积极的情绪。如果近期中期收入趋势持续下去，将会使股东的投资面临重大风险，并使潜在投资者面临支付过高溢价的危险。</p>
<p>话虽如此，请注意 <strong>芯成科技在我们的投资分析中显示出 4 个警告信号</strong>，其中 3 个令人担忧。</p>
<p><strong>如果您对过去盈利增长稳健的公司感兴趣</strong>，您可能希望查看这份 <strong>免费</strong> 的其他强劲盈利增长和低市盈率公司的集合。</p>

芯成科技

<p>芯成科技（Sino ICT Holdings Limited，股票代码：HKG:365）在过去一个月的股价下跌了 32%，使其年度收益降至 9.8%。该公司的市销率（P/S）为 1.4 倍，高于香港机械行业许多同行的平均水平（低于 0.8 倍）。尽管最近的收入增长达到了 19%，但公司在过去三年中一直难以保持稳定的增长。分析师对高市销率表示担忧，认为这可能没有正当理由，因为持续的收入趋势可能会危及股东投资。目前，该公司显示出四个警告信号，其中三个令人担忧</p>

<p><strong>Sino ICT Holdings Limited</strong> (HKG:365) shares have retraced a considerable 32% in the last month, reversing a fair amount of their solid recent performance. Indeed, the recent drop has reduced its annual gain to a relatively sedate 9.8% over the last twelve months.</p>
<div class="lb-trans"><p><strong>芯成科技控股有限公司</strong> (HKG:365) 的股价在过去一个月回落了相当可观的 32%，扭转了其近期的良好表现。实际上，最近的下跌使其过去十二个月的年增幅降至相对温和的 9.8%。</p>
</div><p>Although its price has dipped substantially, given close to half the companies operating in Hong Kong's Machinery industry have price-to-sales ratios (or &#34;P/S&#34;) below 0.8x, you may still consider Sino ICT Holdings as a stock to potentially avoid with its 1.4x P/S ratio. However, the P/S might be high for a reason and it requires further investigation to determine if it's justified.</p>
<div class="lb-trans"><p>尽管其股价大幅下跌，但考虑到近一半在香港机械行业运营的公司市销率（或称&#34;P/S&#34;）低于 0.8 倍，您可能仍然会考虑将芯成科技视为一个潜在的规避股票，因为其市销率为 1.4 倍。然而，市销率可能因某种原因而偏高，需要进一步调查以确定其合理性。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
</div><p>See our latest analysis for Sino ICT Holdings</p>
<div class="lb-trans"><p>请查看我们对芯成科技的最新分析</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/7655362-ps-multiple-vs-industry-1-dark-2/1762553830563" alt="" original-src="https://images.simplywall.st/asset/chart/7655362-ps-multiple-vs-industry-1-dark-2/1762553830563"/></p>
<p>SEHK:365 Price to Sales Ratio vs Industry November 7th 2025</p>
<div class="lb-trans"><p>SEHK:365 市销率与行业比较 2025 年 11 月 7 日</p>
</div><h3>What Does Sino ICT Holdings' P/S Mean For Shareholders?</h3>
<div class="lb-trans"><h3>芯成科技的市销率对股东意味着什么？</h3>
</div><p>Revenue has risen firmly for Sino ICT Holdings recently, which is pleasing to see. Perhaps the market is expecting this decent revenue performance to beat out the industry over the near term, which has kept the P/S propped up. However, if this isn't the case, investors might get caught out paying too much for the stock.</p>
<div class="lb-trans"><p>最近，芯成科技的收入稳步上升，这令人欣慰。也许市场预计这种良好的收入表现将在短期内超越行业，这使得市销率得以支撑。然而，如果情况并非如此，投资者可能会发现自己为该股票支付了过高的价格。</p>
</div><p>Want the full picture on earnings, revenue and cash flow for the company? Then our <strong>free</strong> report on Sino ICT Holdings will help you shine a light on its historical performance.</p>
<div class="lb-trans"><p>想要了解公司的盈利、收入和现金流的完整情况吗？那么我们对芯成科技的 <strong>免费</strong> 报告将帮助您揭示其历史表现。</p>
</div><h2>Is There Enough Revenue Growth Forecasted For Sino ICT Holdings?</h2>
<div class="lb-trans"><h2>芯成科技的收入增长预测是否足够？</h2>
</div><p>In order to justify its P/S ratio, Sino ICT Holdings would need to produce impressive growth in excess of the industry.</p>
<div class="lb-trans"><p>为了证明其市销率的合理性，芯成科技需要实现超过行业的显著增长。</p>
</div><p>Retrospectively, the last year delivered an exceptional 19% gain to the company's top line. Still, revenue has barely risen at all from three years ago in total, which is not ideal. So it appears to us that the company has had a mixed result in terms of growing revenue over that time.</p>
<div class="lb-trans"><p>回顾过去一年，公司营收实现了 19% 的显著增长。然而，三年前的总收入几乎没有增长，这并不理想。因此，我们认为公司在这段时间内的收入增长结果是喜忧参半的。</p>
</div><p>This is in contrast to the rest of the industry, which is expected to grow by 17% over the next year, materially higher than the company's recent medium-term annualised growth rates.</p>
<div class="lb-trans"><p>这与行业其他公司形成对比，后者预计在未来一年内增长 17%，远高于公司的近期中期年化增长率。</p>
</div><p>With this in mind, we find it worrying that Sino ICT Holdings' P/S exceeds that of its industry peers. It seems most investors are ignoring the fairly limited recent growth rates and are hoping for a turnaround in the company's business prospects. Only the boldest would assume these prices are sustainable as a continuation of recent revenue trends is likely to weigh heavily on the share price eventually.</p>
<div class="lb-trans"><p>考虑到这一点，我们发现芯成科技的市销率超过其行业同行令人担忧。似乎大多数投资者忽视了近期增长率相对有限的事实，并希望公司业务前景能够好转。只有最勇敢的人才会认为这些价格是可持续的，因为近期收入趋势的持续可能会对股价产生重大压力。</p>
</div><h2>The Bottom Line On Sino ICT Holdings' P/S</h2>
<div class="lb-trans"><h2>关于芯成科技市销率的结论</h2>
</div><p>Sino ICT Holdings' P/S remain high even after its stock plunged. We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.</p>
<div class="lb-trans"><p>尽管股价暴跌，芯成科技的市销率仍然很高。我们认为市销率的作用主要不是作为估值工具，而是用来衡量当前投资者情绪和未来预期。</p>
</div><p>Our examination of Sino ICT Holdings revealed its poor three-year revenue trends aren't detracting from the P/S as much as we though, given they look worse than current industry expectations. Right now we aren't comfortable with the high P/S as this revenue performance isn't likely to support such positive sentiment for long. If recent medium-term revenue trends continue, it will place shareholders' investments at significant risk and potential investors in danger of paying an excessive premium.</p>
<div class="lb-trans"><p>我们对芯成科技的审查显示，其三年收入趋势不佳并没有像我们想象的那样对市销率造成太大影响，因为它们看起来比当前行业预期更糟。现在我们对高市销率感到不安，因为这种收入表现不太可能长期支持如此积极的情绪。如果近期中期收入趋势持续下去，将会使股东的投资面临重大风险，并使潜在投资者面临支付过高溢价的危险。</p>
</div><p>Having said that, be aware <strong>Sino ICT Holdings is showing 4 warning signs</strong> in our investment analysis, and 3 of those are concerning.</p>
<div class="lb-trans"><p>话虽如此，请注意 <strong>芯成科技在我们的投资分析中显示出 4 个警告信号</strong>，其中 3 个令人担忧。</p>
</div><p><strong>If companies with solid past earnings growth is up your alley</strong>, you may wish to see this <strong>free</strong> collection of other companies with strong earnings growth and low P/E ratios.</p>
<div class="lb-trans"><p><strong>如果您对过去盈利增长稳健的公司感兴趣</strong>，您可能希望查看这份 <strong>免费</strong> 的其他强劲盈利增长和低市盈率公司的集合。</p>
</div>

芯成科技控股有限公司（HKG:365）股价下跌 32%，仍然让一些股东对其市销率感到不安